Global boundary Stratotype Section and Point

A Global Boundary Stratotype Section and Point, abbreviated GSSP, is an internationally agreed upon reference point on a stratigraphic section which defines the lower boundary of a stage on the geologic time scale. The effort to define GSSPs is conducted by the International Commission on Stratigraphy, a part of the International Union of Geological Sciences. Most, but not all, GSSPs are based on paleontological changes. Hence GSSPs are usually described in terms of transitions between different faunal stages, though far more faunal stages have been described than GSSPs. The GSSP definition effort commenced in 1977. As of 2012, 64 of the 101 stages that need a GSSP have been formally defined.

A geologic section has to fulfill a set of criteria to be adapted as a GSSP by the ICS. The following list summarizes the criteria:

The Precambrian-Cambrian boundary GSSP at Fortune Head, Newfoundland is a typical GSSP. It is accessible by paved road and is set aside as a nature preserve. A continuous section is available from beds that are clearly Precambrian into beds that are clearly Cambrian. The boundary is set at the first appearance of a complex trace fossil Treptichnus pedum that is found worldwide. The Fortune Head GSSP is unlikely to be washed away or built over. Nonetheless, Treptichnus pedum is less than ideal as a marker fossil as it is not found in every Cambrian sequence, and it is not assured that it is found at the same level in every exposure. In fact, further eroding its value as a boundary marker, it has since been identified in strata 4m below the GSSP! However, no other fossil is known that would be preferable. There is no radiometrically datable bed at the boundary at Fortune Head, but there is one slightly above the boundary in similar beds nearby. These factors have led some geologists to suggest that this GSSP is in need of reassigning.

...
Wikipedia